First Merchants Corporation
Financials
Valuation Metrics
First Merchants Corporation's Market Cap is $2.61B. At end of 2025 it was $2.15B. Ranked #1811 of 3,116 in US market (top 58%), #653 of 1,472 on NASDAQ (top 44%), #114 of 245 in Banks (top 47%) by Market Cap.
Investment Metrics(as of 2026-11-02)
| Metric | Value | Rank |
|---|---|---|
| Size | ||
| Market Cap | $2.61B | US#1,811/3,116 Sec#114/245 |
| Revenue | $690M | US#2,089/3,116 Sec#96/245 |
| Net Income | $186M | US#1,317/3,116 Sec#118/245 |
| Total Assets | $21.35B | US#592/3,116 Sec#103/245 |
| Net Assets | $2.70B | US#1,039/3,116 Sec#103/245 |
| Employees | 2,086 | US#1,652/3,116 Sec#96/245 |
| Value | ||
| P/E | 14.02x | US#671/3,116 Sec#166/245 |
| P/B | 0.97x | US#362/3,116 Sec#29/245 |
| P/S | 3.78x | US#1,990/3,116 Sec#130/245 |
| EV/EBITDA | 15.69x | US#1,569/3,116 Sec#162/245 |
| FCF Yield | 12.08% | US#410/3,116 Sec#49/245 |
| Profitability | ||
| ROE | 6.89% | US#1,687/3,116 Sec#214/245 |
| ROA | 0.87% | US#2,025/3,116 Sec#183/245 |
| Op. Margin | 29.91% | US#519/3,116 Sec#147/245 |
| Revenue Growth | 8.14% | US#1,428/3,116 Sec#114/245 |
| Earnings Growth | -17.61% | US#1,509/3,116 Sec#157/245 |
| Financial Health | ||
| Debt Ratio | 691.52% | US#2,508/3,116 Sec#67/245 |
| Total Debt | $1.60B | US#1,282/3,116 Sec#88/245 |
| FCF | $315M | US#1,138/3,116 Sec#88/245 |
| Cash | $616M | US#937/3,116 Sec#99/245 |
| Current Ratio | 0.24x | US#2,882/3,116 Sec#148/245 |
| Net Debt/EBITDA | 4.31x | US#1,895/3,116 Sec#163/245 |
| Dividend | ||
| Div. Yield | 3.36% | US#509/3,116 Sec#48/245 |
| Div. Growth | 1.58% | US#1,095/3,116 Sec#160/245 |
| Performance | ||
| 1Y Return | 16.57% | US#1,332/3,116 Sec#177/245 |
| 1M Return | 3.01% | US#1,591/3,116 Sec#147/245 |
| From 52W High | -8.76% | US#800/3,116 Sec#140/245 |
| 1Y MDD | -14.36% | US#235/3,116 Sec#90/245 |
| Trading | ||
| Volume | 387,841 shares | US#2,205/3,116 Sec#105/245 |
| Trading Value | $16M | US#1,984/3,116 Sec#110/245 |
| Per Share | ||
| EPS | $2.95 | US#1,062/3,116 Sec#137/245 |
| BPS | $42.80 | US#559/3,116 Sec#72/245 |
Company Info
First Merchants Corporation operates as a financial holding entity, primarily conducting its business through its subsidiary, First Merchants Bank. This institution delivers a full spectrum of community banking solutions. It accepts various types of deposits, including term, savings, and checking accounts. The company also extends a wide array of lending products, such as consumer, commercial, agricultural business, and real estate mortgage loans, in addition to public finance options. Beyond standard banking, First Merchants provides personal and corporate trust services, brokerage capabilities, and private wealth management. Its corporate offerings further include letters of credit, repurchase agreements, and other specialized financial services. The company maintains a network of 109 physical banking locations situated across counties in Indiana, Illinois, Ohio, and Michigan. Furthermore, it offers convenient access to its services via electronic and mobile platforms. First Merchants Corporation was established in 1893 and is headquartered in Muncie, Indiana.